PPP Loan Data — Adirondack Transit Lines, Inc., Hurley, NY
Adirondack Transit Lines, Inc. is a corporation located at 499 Hurley Avenue in Hurley, New York that received a Coronavirus-related PPP loan from the SBA of $2,957,700.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Adirondack Transit Lines, Inc. in Hurley, NY received a Paycheck Protection Loan of $2.96M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adirondack Transit Lines, Inc.'s total 2019 payroll expenses were approximately $14.2M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $59,903 per employee1.
Business Information - Adirondack Transit Lines, Inc. in Hurley, NY
499 Hurley Avenue
Hurley, NY 12443
Interurban and Rural Bus Transportation (NAICS code 485210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-19
Similar Companies near Hurley
In the Hurley area, 3 businesses in the "Interurban and Rural Bus Transportation" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 237) and received an average PPP loan of $1,612,900 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Passenger Bus Corp.
Pine Hill - Kingston Bus Corp.
Industry PPP Comparison Statistics
Nationwide, 177 businesses in the "Interurban and Rural Bus Transportation" industry received a total of $46,814,962.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 29 employees, 88% lower than Adirondack Transit Lines, Inc.'s reported 237 employees, and received an average PPP loan of $264,491, 91% lower than this company's loan of $2.96M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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